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Mar 20, 2013
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. >>> stocks rose on wall street after the federal reserve stood by the plan to boost the economy. that announcement came at 11:00 this morning, also concern is easing about a possible financial crisis in cypress. the nation needs a bailout to avoid defaulting on the financial obligations. >>> the dow is currently up 63. the nasdaq is up 23. s&p is up 10. >>> we are now less than a week away from the day the u.s. supreme court will hear oral arguments on proposition 8, which is california's ban on same-sex marriages. next tuesday, the court will hear arguments for and answer prop 8 along with another same- sex marriage case. that worn the challenge to the federal defense of mare arc -- marriage act. the supreme court said they would release same-day audio presented. the court rayly does that. but they did not mention television coverage which legal experts say that probably won't be allowed. >>> a bay area consumer group is warning about potential hidden fees with the municipal identification card. the city key created the i.d. cards in part for undocumented immigrants. a debit fun
. >>> stocks rose on wall street after the federal reserve stood by the plan to boost the economy. that announcement came at 11:00 this morning, also concern is easing about a possible financial crisis in cypress. the nation needs a bailout to avoid defaulting on the financial obligations. >>> the dow is currently up 63. the nasdaq is up 23. s&p is up 10. >>> we are now less than a week away from the day the u.s. supreme court will hear oral arguments on...
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Mar 20, 2013
03/13
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. >>> stocks rose on wall street after the federal reserve stood by the plan to boost the economy. that announcement came at 11:00 this morning, also concern is easing about a possible financial crisis in cypress. the nation needs a bailout to avoid defaulting on the financial obligations. >>> the dow is currently up 63. the nasdaq is up 23. s&p is up 10. >>> we are now less than a week away from the day the u.s. supreme court will hear oral arguments on proposition 8, which is california's ban on same-sex marriages. next tuesday, the court will hear arguments for and answer prop 8 along with another same- sex marriage case. that worn the challenge to the federal defense of mare arc -- marriage act. the supreme court said they would release same-day audio presented. the court rayly does that. but they did not mention television coverage which legal experts say that probably won't be allowed. >>> a bay area consumer group is warning about potential hidden fees with the municipal identification card. the city key created the i.d. cards in part for undocumented immigrants. a debit fun
. >>> stocks rose on wall street after the federal reserve stood by the plan to boost the economy. that announcement came at 11:00 this morning, also concern is easing about a possible financial crisis in cypress. the nation needs a bailout to avoid defaulting on the financial obligations. >>> the dow is currently up 63. the nasdaq is up 23. s&p is up 10. >>> we are now less than a week away from the day the u.s. supreme court will hear oral arguments on...
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Mar 22, 2013
03/13
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tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see
tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see
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Mar 22, 2013
03/13
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tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see the endangered animal swim, eat, and play. and some serve as sere gate mothers to abandoned otter pups. >>> another little cute furry guy. an indictment was filed against punxsutawney phil. a prosecutor in ohio is accusing phil of lying to the whole country. in february phil predicted that spring would come early. many states are still seeing snow. the indictment is a little tongue and cheek. >>> we want to show you this live. president obama right there live just about to leave israel. heading to jordan. he's at the airport in tel aviv. he just spent 20 minutes meeting with benjamin netanyahu. the president is about to leave israel. heading to jordan. we'll have all the details coming up. >>> let's go back over to sal as we get closer to 7:00. >> we are looking at the toll plaza. there is a little bit of a wave here pam a
tournament three times in seven years and each time an estimated $20 million was pumped into the local economy. by the way, the game between cal and syracuse scheduled for 6:40 saturday night. >>> the sea otter exhibit at the aquarium opens tomorrow. they will be able to see the endangered animal swim, eat, and play. and some serve as sere gate mothers to abandoned otter pups. >>> another little cute furry guy. an indictment was filed against punxsutawney phil. a prosecutor in...
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Mar 25, 2013
03/13
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has been plagued by mud slides, rock slides, slip outs and every time it has had to close, the local economies are devastated. >> reporter: so cal tran will be hold colding a ribbon cutting ceremony. the official unvailing at 11:00 this morning here at the two tunnels. it will feature lawmakers that hope to push this project along over the years. by the way it's important to point out this is not an event that is open to the public. then what will happen is after that ribbon cutting ceremony there will be last minute road reconfiguration work that crews will have to do. and later on today possibly first thing tomorrow morning the two tunnels will be open to the public to drive through. live this morning near pacifica alex savidge. >> 6:07. sal, you know we all have met kathy one of our regular tweeters. >> she is going to be very excited. she is going to report to us and let us know. >> i would be excited too. because you know it will be a lot safer to drive through there. especially in the wintertime. let's take a look we've been watching highway 101 this morning and highway 1 and highway 280
has been plagued by mud slides, rock slides, slip outs and every time it has had to close, the local economies are devastated. >> reporter: so cal tran will be hold colding a ribbon cutting ceremony. the official unvailing at 11:00 this morning here at the two tunnels. it will feature lawmakers that hope to push this project along over the years. by the way it's important to point out this is not an event that is open to the public. then what will happen is after that ribbon cutting...
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Mar 25, 2013
03/13
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has been plagued by mud slides, rock slides, slip outs and every time it has had to close, the local economies are devastated. >> reporter: so cal tran will be hold colding a ribbon cutting ceremony. the official unvailing at 11:00 this morning here at the two tunnels. it will feature lawmakers that hope to push this project along over the years. by the way it's important to point out this is not an event that is open to the public. then what will happen is after that ribbon cutting ceremony there will be last minute road reconfiguration work that crews will have to do. and later on today possibly first thing tomorrow morning the two tunnels will be open to the public to drive through. live this morning near pacifica alex savidge. >> 6:07. sal, you know we all have met kathy one of our regular tweeters. >> she is going to be very excited. she is going to report to us and let us know. >> i would be excited too. because you know it will be a lot safer to drive through there. especially in the wintertime. let's take a look we've been watching highway 101 this morning and highway 1 and highway 280
has been plagued by mud slides, rock slides, slip outs and every time it has had to close, the local economies are devastated. >> reporter: so cal tran will be hold colding a ribbon cutting ceremony. the official unvailing at 11:00 this morning here at the two tunnels. it will feature lawmakers that hope to push this project along over the years. by the way it's important to point out this is not an event that is open to the public. then what will happen is after that ribbon cutting...
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Mar 22, 2013
03/13
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KTVU
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each time it brings in an estimated $20 million to the local economy. >>> tipoff for the cal-syracuse game is 6:30 tomorrow night. the 12th seated bears are definitely the underdogs. last night they pounded montana. 81 to 34. sadly the other bay area teens, st. mary's came close but loss to memphis. by the way, yesterday's biggest upset was 14th seed harvard knocking out third seat new mexico 68-62. gee. i wonder what you will be doing tomorrow night, sal. >> i have my book club. you know that. >>dding.
each time it brings in an estimated $20 million to the local economy. >>> tipoff for the cal-syracuse game is 6:30 tomorrow night. the 12th seated bears are definitely the underdogs. last night they pounded montana. 81 to 34. sadly the other bay area teens, st. mary's came close but loss to memphis. by the way, yesterday's biggest upset was 14th seed harvard knocking out third seat new mexico 68-62. gee. i wonder what you will be doing tomorrow night, sal. >> i have my book club....
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Mar 19, 2013
03/13
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economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to train forces. we have new video of some of the injured marines being taken to hospitals. according to statements, all of the traps killed
economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly...
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Mar 19, 2013
03/13
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economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly what happened. >> reporter: we're still trying to figure out exactly what happened but the pentagon has confirmed that at least seven marines were killed, seven others injured during a training exercise last night. it happened at the hawthorne army depot in nevada, not far from the california boder. 145 miles southeast of -- border, 145 miles southeast of re knee. it's used to -- reno. it's used to train forces. we have new video of some of the injured marines being taken to hospitals. according to statements, all of the traps killed
economy and rising home prices. new this morning, the congress department announced home starts were up in february. construction rose at its second fastest pace in four and a half years and there is a positive sign for future construction as building permit requests jumped more than 4.5%. that's the most since june of 2008. >>> developing news. we're finding out more about last night's explosion in nevada that killed seven marines. ktvu's pam cook is in our newsroom to tell us exactly...
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Mar 20, 2013
03/13
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economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. sena
economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was...
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Mar 20, 2013
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economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was also given a citation to appear in juvenile court. this comes a month after fema issued an alert on hash oil explosions. the government agency says explosions at homes and hotels around the country are being traced to people using butane to get the active ingredients out of marijuana. >>> in other news, senator feinstein is angry that the gun control legislation will not include an assault ban. harry reid says this will not be part of the legislation they will debate because it doesn't have the votes to pass. sena
economy. analysts also think he could point out that the bailout situation in cypress shows the ongoing risk of the global economic situation. >>> 7:45. a teenager in petaluma, burned last night in a fire that allegedly started while he was making drugs. police say it happened on east washington street. a 15-year-old boy is accused of starting a small fire while he was making hash oil out of marijuana. he was rushed to the hospital for treatment on burns on his face and hands. he was...
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Mar 25, 2013
03/13
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closed down for months at a time, stranding people in coastal communities and also hurting the local economy. >> these tunnels are gonna bring peace of mind to these local communities. the next time we have a heavy winter storm they won't have to worry about their life line being closed most of the time. >> reporter: caltrans will be holding a ribbon-cutting ceremony at 11:00 this morning. it will feature local lawmakers that helped push this progress along. also in attendance will be the late widow of tom lantos, who the tunnels are named after. ribbon-cutting ceremony is not open to the public. this took quite a bit of work, a lot of boring to build this tunnel. you can see some work trucks still driving by. there's still some last-minute work, some lane configuration that has to happen following the ribbon-cutting ceremony later on this morning. caltrans is hoping to have that lane configuration work done hopefully by later tonight and possibly tomorrow and that's when the public will be able to drive through the tunnels. sal, this will be a big deal for commuters in the area, right? >> i
closed down for months at a time, stranding people in coastal communities and also hurting the local economy. >> these tunnels are gonna bring peace of mind to these local communities. the next time we have a heavy winter storm they won't have to worry about their life line being closed most of the time. >> reporter: caltrans will be holding a ribbon-cutting ceremony at 11:00 this morning. it will feature local lawmakers that helped push this progress along. also in attendance will...
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Mar 25, 2013
03/13
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closed down for months at a time, stranding people in coastal communities and also hurting the local economy. >> these tunnels are gonna bring peace of mind to these local communities. the next time we have a heavy winter storm they won't have to worry about their life line being closed most of the time. >> reporter: caltrans will be holding a ribbon-cutting ceremony at 11:00 this morning. it will feature local lawmakers that helped push this progress along. also in attendance will be the late widow of tom lantos, who the tunnels are named after. ribbon-cutting ceremony is not open to the public. this took quite a bit of work, a lot of boring to build this tunnel. you can see some work trucks still driving by. there's still some last-minute work, some lane configuration that has to happen following the ribbon-cutting ceremony later on this morning. caltrans is hoping to have that lane configuration work done hopefully by later tonight and possibly tomorrow and that's when the public will be able to drive through the tunnels. sal, this will be a big deal for commuters in the area, right? >> i
closed down for months at a time, stranding people in coastal communities and also hurting the local economy. >> these tunnels are gonna bring peace of mind to these local communities. the next time we have a heavy winter storm they won't have to worry about their life line being closed most of the time. >> reporter: caltrans will be holding a ribbon-cutting ceremony at 11:00 this morning. it will feature local lawmakers that helped push this progress along. also in attendance will...
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Mar 18, 2013
03/13
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shock over a proposed tax up to 10% on bank savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other
shock over a proposed tax up to 10% on bank savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any...
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Mar 21, 2013
03/13
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the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very mch shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery the upside of them being wrong so often that they actually acknowledge it and try and adjust. so the
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
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Mar 18, 2013
03/13
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shock over a proposed tax up to 10% on bank savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any publicly traded u.s. company. it would give a boost to investors who have seen their share price tumble more than 35% since september. >>> today, the faa is expected to announce its final decision son which small-to-medium airports will have their towers closed because of the sequester. early reports had concord, santa rosa, napa, san core lot and livermore as candidates in the -- san carlos and livermore as candidates in the bay area. the cuts begin next month. pilots will still be able to take off and land at the airports but instead of talking to air traffic controller, the pilots will have to talk to each other
shock over a proposed tax up to 10% on bank savings in the nation of cypress as a way to save their economy. the proposed measures are provoking fears that the similar move may spread and cause bank runs in the other 16 nations that use the euro. the dow is down 35 at 14,478. the nasdaq is down 16. s&p down 7. >>> several tech industry analysts say apple is about to raise its quarterly dividends. they told bloomberg it could top $4 a share. that would put it in the top 20% of any...
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Mar 26, 2013
03/13
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people are feeling a lot of uncertainty about this economy. and while they look at the stock market, they scratch their head going, gosh, that's great, but i can't make a trade and trade out of it quickly. this, a real estate transaction, is the longest term, longest term investment anyone can make. and people are wisely thinking about it and looking at all the economic data points that you guys cover so well, each week, each day, each minute. and they're going, you know what, good indication that property values are going up. but i don't see a reason to race out there and put myself at risk again. and that's those that have good credit. those that don't have good credit, don't even have that as an option. >> and steve, the jobs market has to be a big correlation of this as well? >> absolutely. that's something that disqualifies certain people, especially, by the way, if they just recently got a job. they would not qualify for, say, a refinancing or additional credit. i also think, guys, neither of these two gentleman mentioned education. i th
people are feeling a lot of uncertainty about this economy. and while they look at the stock market, they scratch their head going, gosh, that's great, but i can't make a trade and trade out of it quickly. this, a real estate transaction, is the longest term, longest term investment anyone can make. and people are wisely thinking about it and looking at all the economic data points that you guys cover so well, each week, each day, each minute. and they're going, you know what, good indication...
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Mar 19, 2013
03/13
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and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is. >> if we took the fed out of the equation, joe, is there anything else out there that could potentially be negative enough, maybe even something we haven't encountered yet, that could make this market come unstuck? >> i think it would have to be something geopolitical, some on the oil front. certainly there is some fear in asia we relations to the japanese and chinese. no, i don't think so, mandy. we're still in a very solid, cyclical spot. >> i think the issue, guys, is when you ask that question, mandy, the correct question is, joe, if there was 3% gd
and the economy has improved and it's not been great. i think it gets better now finally because housing is finally at the point where no one is questioning whether it's recovering. they are just questioning the speed of the recovery. but, again, until the fed actually pulls back from some of this extraordinary easing, many investors, especially on the equity side of the business, will question the sustainability the rally without the fed propping it up as much as some people think it is....
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Mar 25, 2013
03/13
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the economy, even the sequester. the def is icit as well. these are the things that a multi-facetted investor thinks about. >> well, i'm very passionate about this stuff. i believe that our government should intertwine the education and economy in one package nape should almost be places that are merged together in how they respond to things. we no longer have the luxury of having our economy and what we do on that side separate from the educational side. let me be very specific. right now there's probably approximately 20% unemployment rate if you're not a high school graduate in this country. that's approximately 5% if you're a college graduate. one other very telling statistic, 75% of young americans between the ages of 17 and 24 cannot even enlist in the military because there are three requireme requirements, high school graduate, no criminal record and you have to be physically fit. that to me are the problems we need to focus on instead of being so focused on what the employment rate is today but how do we fix it in the long term? >>
the economy, even the sequester. the def is icit as well. these are the things that a multi-facetted investor thinks about. >> well, i'm very passionate about this stuff. i believe that our government should intertwine the education and economy in one package nape should almost be places that are merged together in how they respond to things. we no longer have the luxury of having our economy and what we do on that side separate from the educational side. let me be very specific. right...
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Mar 20, 2013
03/13
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CNBC
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economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people can access their money in cyprus. >> absolutely. initially we know that banks were going to be closed up until tomorrow but at this point there's a lot of speculation that banks will be closed up until tuesday because monday is another bank holiday and at this point it's very, very uncertain that we'll get a viable plan b to get the bailout deal in place at this point it doesn't look like we'll get it by tomorrow. at this point we are expecting that banks are going to be closed for a little bit longer. of cours
economy. maybe a little bit of help from heaven. back over to you. >> the archbishop, this is something people should go look up this piece of the story. this is a fascinating piece. he's seen as this spiritual leader there who has been quite vocal. he's been out there talking saying let's get out of the euro and go back to the pound. do we have carolyn? can i briefly ask what it's like on the ground there? we understand that it may be several more days, not just thursday, before people...
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Mar 25, 2013
03/13
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is it going force the economy into recession? >> oh, deep. deep recession. there are predictions of a decline of more than 10%. it makes up 50% of this economy. it's going to be catastrophic, absolu absolutely. as we saw, the comments about a template are really throwing it in the works, but we seem to be coming back a little bit now. how are the markets realing this? >> it matters whether it is or isn't. i appreciate the attempts to finesse this. then when we got the clarification from his office, which is really him. is it his aide or him? the markets came up. and no models or templates are used. you can see how confused the markets are on this. you can see u.s. financial stocks. but more importantly we also came off the lows in european stocks. these are italian stocks to trade here. ewi is the symbol here. same thing coming right off of the lows. >> bob, thank you so much for that. let's bring in the president of mercadian asset management. let's just move away from cyprus for two seconds. we really need some good news at this point. more than momentum.
is it going force the economy into recession? >> oh, deep. deep recession. there are predictions of a decline of more than 10%. it makes up 50% of this economy. it's going to be catastrophic, absolu absolutely. as we saw, the comments about a template are really throwing it in the works, but we seem to be coming back a little bit now. how are the markets realing this? >> it matters whether it is or isn't. i appreciate the attempts to finesse this. then when we got the clarification...
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Mar 26, 2013
03/13
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FBC
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all the things you need good economy, bad economy they continue to do well. kimberly clark and clorox hitting new highs. [closing bell rings] liz: as the trades settle in the last couple of seconds the bell rings, two un, one, blastoff. the s&p 500 just at least right now, make it an all-time record of 1565. hey, got a tune in tomorrow to see if that happens. let's see how stocks finishing up. dow jones industrials up at highs of the session or close. up 111 points. s&p and russell up about half a percent here. david: it wasn't just equities that rallied. this time oil was on board. the energy pits seeing big moves to the upside. oil rallying 1.6%, settling at $96.4 a barrel. this is the highest close in five weeks. liz: incident stop there in the energy complex. did you see nat-gas pumping? nat-gas rallied 3% settling close to $4 per british thermal units. prices testing the $4. it has not been able to stealth above that level since november. david: news that liquified natural gas can be exported to great britain that is big news for natural gas. tech stocks
all the things you need good economy, bad economy they continue to do well. kimberly clark and clorox hitting new highs. [closing bell rings] liz: as the trades settle in the last couple of seconds the bell rings, two un, one, blastoff. the s&p 500 just at least right now, make it an all-time record of 1565. hey, got a tune in tomorrow to see if that happens. let's see how stocks finishing up. dow jones industrials up at highs of the session or close. up 111 points. s&p and russell up...
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Mar 26, 2013
03/13
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you can't predict the economy's robust. right thou, the transports are continuing to, unfortunately, tell us that it is a slow growth/no growth economy unless you're either fracking, you're intermodal or e-commerce. >> do the transports still move on that? >> they do to a certain degree but, you know, the bottom line is that all transports have gotten much, much better. >> yeah, yeah. >> that takes a lot of it out of it. >> but if we bring up that chart again, is that fedex? when did this happen on the transports? because it did -- >> fedex. >> fedex to a certain degree, but you know, there was another big player that got shot across the bow that day and that was caterpillar the. >> that was who? >> caterpillar. >> that is not a transport, though. >> yeah. but it's a big industrial. it's a global industrial. they said 13% down sales, they said 25% down in the region. >> so, if we're using the transports as a gauge to the economy, is the fed wrong? are we not going to get the kind of growth that people are expecting at this
you can't predict the economy's robust. right thou, the transports are continuing to, unfortunately, tell us that it is a slow growth/no growth economy unless you're either fracking, you're intermodal or e-commerce. >> do the transports still move on that? >> they do to a certain degree but, you know, the bottom line is that all transports have gotten much, much better. >> yeah, yeah. >> that takes a lot of it out of it. >> but if we bring up that chart again, is...
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Mar 21, 2013
03/13
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what's your theme right now for the global economy? >> we still like stocks over bonds, but we're getting nervous. >> because of evaluations? >> we've come so far, so fast. double-digit gains last year. we're almost up 10% this year, even after today. but we think -- so you're kind of set up for a correction. the other thing is how optimistic everybody is. everybody's jumped on the bandwagon, so we felt a lot better in december, when not everybody was with it. but i think if there's any correction, it's not going to be as big as the last few years. the fiscal fights are over in washington. less fear of double dip in the u.s. less worries about europe breaking up, cyprus notwithstanding, or china hardlining. so we would see it as a buying opportunity. >> so what do you want to do, then? should you be taking profits on some of those names you've made money on already? how do you look at a market that you're still bullish on, but are getting a little nervous because of evaluations? >> i can't time this correction. >> right, you don't want
what's your theme right now for the global economy? >> we still like stocks over bonds, but we're getting nervous. >> because of evaluations? >> we've come so far, so fast. double-digit gains last year. we're almost up 10% this year, even after today. but we think -- so you're kind of set up for a correction. the other thing is how optimistic everybody is. everybody's jumped on the bandwagon, so we felt a lot better in december, when not everybody was with it. but i think if...
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Mar 20, 2013
03/13
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the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than lower interest rates create spending and helps the economy. >> yes. because first of all if you look at consumer interest income and consumer interest expense, consumers actually have more interest bearing assets an they do interest bearing liabilities. the key is liabilities are fixed rate at this stage or most are because of fixed rate mortgages. if you allow interest rates to go up, you push more none inmon the consumer sector than your cost to consumer sector and older americans live off cds and if you push up the income more,
the economy is improving. we get to the next problem with is building up the balance sheet in a way that will make it hard to tighten when they need to tighten. >> the fact is you're siding with santelli over me but in a more polite way. one of the keys to what you're saying and i have a counter to this, maybe let you say it which is that you think the issue of taking money away from savers by lowering interest rates is something that hurts the economy and consumer spending more than...
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Mar 22, 2013
03/13
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the economy will grow 8.5% this year and maybe more on the next. while praising beijing, he also highlighted the financial sector and urbanization as key areas for reform. eunice yoon can all caught up with secretary general angel lahoria. their conversation quickly switched to cyprus. >> what's happening in cyprus is not indicative of what's happening in the world, not indicative of what's happening in the euro area. in cyprus, there was a peculiar situation. the government could not rescue the banking system. there should have been losses accrued to the critters of the banks who took risk webs but there was a formula where they tried to sort of keep everybody more or less unhappy, but they created a very bad package which, obviously, is proving untenable. they're not going to have to fix it. >> but how can they fix it? >> well, the eu has given the cypriots up until next monday to come up with an alternative because apparently this package of 6.5% for those below 100,000 and 9.9% to those above is 00,000 was something that was decided by the cypr
the economy will grow 8.5% this year and maybe more on the next. while praising beijing, he also highlighted the financial sector and urbanization as key areas for reform. eunice yoon can all caught up with secretary general angel lahoria. their conversation quickly switched to cyprus. >> what's happening in cyprus is not indicative of what's happening in the world, not indicative of what's happening in the euro area. in cyprus, there was a peculiar situation. the government could not...
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Mar 20, 2013
03/13
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economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
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Mar 20, 2013
03/13
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if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could. >> could i add something. >> very quickly. >> at the end of the day the fed has to acknowledge the economy. it's good but not good enough. there's no way it's good enough for the fed to stop doing what it's doing. >> how good does the fed see the economy? let's find out right now. >> the federal reserve voting 11-1 to maintain its policy of purchasing $85 billion of mortgage-backed securities and treasuries monthly saying it will continue to make purchases until the labor market shows substantial improvement. that's pretty much exactly as written last time around. t
if there is a greater optimism about the economy? do you think that that's going to create anxiety, that the fed will start to scale back earlier than expected or is it a good thing when good news -- >> good news is not good news at the initial. there's too many people expecting that they will do nothing. you have to have it so the vast majority of people expect them to do something. >> it might create a sell-off in the market. >> they have to do it right. yeah, it could....
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Mar 19, 2013
03/13
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as i said earlier, i firmly believe that this is going to hurt the economy, an economy that is struggling to really get a foothold and showing signs of life. absolutely the worst time to set one of these fiscal time bombs. >> i would like to react to that. and maybe i will. i just want to read this from the marines. saying this exercise, for example, was planned well in advance, had nothing to do with the budget cuts. this is from the marines. there were no corners cut, and if they couldn't afford to have all the safety precautions into place, they wouldn't do the exercise, okay? and this was reported by nbc's jim miklaszewski. this is insanity. to have marines having make that kind of statement. and this damages national security and mar morale, too. >> it does and not even overplaying the hand, just a gross indecency. back to jerryd's point on the sequester, where does the $44 billion in cash come from, larry? it comes from we the people, either through taxing, borrowing, printing of money, which is another form of taxation. it's not from heaven that it's being done -- >> i think budget
as i said earlier, i firmly believe that this is going to hurt the economy, an economy that is struggling to really get a foothold and showing signs of life. absolutely the worst time to set one of these fiscal time bombs. >> i would like to react to that. and maybe i will. i just want to read this from the marines. saying this exercise, for example, was planned well in advance, had nothing to do with the budget cuts. this is from the marines. there were no corners cut, and if they...
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Mar 26, 2013
03/13
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economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future talent. neil: but that is the issue. people are leaving. >> not as huge but mark my words this is their attempt to make business bottom line a little bit friendlier for staying in they are extorting the city of san jose and others will follow suit. >> extortion? it is of serious point* but they probably don't have the money. that is what happens to the cities that do that -- to this especially in california, it hurts the city. they come back with services but to the point* that as a shareholder i want to do what is best for the country and in order of prof
economy, they will go where they need to go. if governor period texas can't attract business and is good for texas and good for period sounds like a short-term bribe. >> you could always wonder if what you did for samsung do for us. >> this creates a cycle that you could call this extortion if you try to seek a better deal to get concessions where you are. but mark my words sam stone -- samsung is thing they are it is a benefit to be in silicon valley a huge pipeline of future...
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Mar 24, 2013
03/13
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what does it mean to our economy? >> what it means to our economy, the lawmakers, what gaur gary b is correct. voters are not against this, voters are against this. and like trying to find the bravest frenchman, it's tough to find an honest one out there. >> and this is by the way-- >> and this is the entire french vote and i don't care how. >> they don't want this. >> and here is the difference, here is the difference. >> and one thing about this is, even if everybody in the world is doing it, it is still wrong. congress comes out and says, we don't want pork and they also said we're going to stand up for simpson bowls and cut spending and raiserevenue, we can't do that. they all say they're against pork and every single one of them do it, it's a systemic problem and it's a character problem that we have indeed seen and it means these guys are not doing it for our country. >> john, one thing, take a breath for god's sake. the issue here is that if jonas got, you know, the extra bonus coming early. taxpayers weren't p
what does it mean to our economy? >> what it means to our economy, the lawmakers, what gaur gary b is correct. voters are not against this, voters are against this. and like trying to find the bravest frenchman, it's tough to find an honest one out there. >> and this is by the way-- >> and this is the entire french vote and i don't care how. >> they don't want this. >> and here is the difference, here is the difference. >> and one thing about this is, even if...
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Mar 18, 2013
03/13
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economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian investors have their money parked in cypress banks. is that kind of what's got european investors nervous, the running, you know, running towards spain and italian bonds or is something else going on? >> well, i think there's no question that, um, the size of the economy as was reported earlier, that doesn't matter a whole lot. it's all about the connection to europe and the euro. and as you know, anytime somebody says i've got a deposit and somebody says i'm going to take some away from you, boy, that does a whole lot to scare people away, an
economy remains pretty good. it's a safe haven. the dollar has done better relative to lots of other things. the u.s. is a pretty good place to be including with the cypress event. cheryl: you know, if you look at -- well, okay, first we're looking at gdp. obviously, they've got a massive unemployment problem, 1.1 million people on the small island rocking global markets, but this bailout plan, i think that is where the spook kind of came from. a lot of russian money, a lot of wealthy russian...
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Mar 25, 2013
03/13
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economy may be growing at a snail's pace. but our next guest says growth in emerging markets will be strong enough to support the u.s. market for quite a bit longer. >> in fact, he's expecting 5.5% growth in those countries by the end of the year. sam stovall is back with us to make the case. that's quite an impressive growth rate. where's it going to come from, though? >> well, traveling around the west coast last week a lot of clients were asking me, how do we end up with rising earnings here in the u.s.? how do we end up with an expanding pe multiple if we're in a below average economic growth rate here? and i remind them that a lot of the companies, 50% of revenues come from overseas. most of the growth coming from the emerging markets. a lot of that is indigenous growth. a lot of that also is growth that they are -- from an exporting perspective. >> right. >> certainly i'm not saying that there is a trigger that is being unexamined at this point. but indicating to investors that 'en though emerging markets are down about
economy may be growing at a snail's pace. but our next guest says growth in emerging markets will be strong enough to support the u.s. market for quite a bit longer. >> in fact, he's expecting 5.5% growth in those countries by the end of the year. sam stovall is back with us to make the case. that's quite an impressive growth rate. where's it going to come from, though? >> well, traveling around the west coast last week a lot of clients were asking me, how do we end up with rising...
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Mar 26, 2013
03/13
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the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine everything you have known to b true, is not true any more. neil: if you think about it, ty. you are a big investor, and world renounce, a lot of folks in europe, their bank acount is everything, their savings are there their vestments are in glorifies pass book savings account, that is it. so a trust has been broken to say nothing of the trust in european club, to keep it going. i think when you let people down, when you scare them, when you break a trust of confidence it is really katie bar the door, isn't it? >> i don't think there is any question about that when
the economy in cyprus, is going to continueo drop. 10 to 20% is likely. this is a country thatas glowerrishing before -- fluorishing before i joined eurozone, but now cyprus is taking a hair cut forreece, and greece for cyprus, and the troika is coming in to help. you cannot just jump out at this time. yet there is no room for nail failure, they are not printing more money, they will severe draconian measured. severe austerity, one country at a time, in the meantime people are weeping, imagine...
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Mar 22, 2013
03/13
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banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries that are in trouble are like in southern europe for you. you're not in finland, you're not if poland. all the trouble is -- >> beautiful places, joe. >> that's good. that's really good. and then when i said -- >> i do frequently say to myself thank goodness this isn't happening in azurbashaun. >> you have to get there. you're doing it for us and we really appreciate it. >> wait, wait. if this country does leave the euro, we want to see that. we want to document that. >> no, i was just saying because it's not affecting our markets doesn't mean that you shouldn't be there. and we're glad that you are there. >> r
banking system, to be as large relative to our economy as the cyprus banking system is to their economy, we would need 45 more jpmorgans in order to have that sizes of the economy. there's somewhere else comparable. the only place they could go was deposits. the big mistake was going after uninsurance -- i mean insured deposits. >> i think i told that from you. that is a good point, but i think i stole it from you. >> the serendipitous part of this for me is that all the countries...
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Mar 20, 2013
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these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk about cyprus. the interest rates were headed higher. if
these would be the economy to me. and then i look at the housing permits, and i look at the bills, and i look at lennar and i think, boy, the fed has a tough job, just a tough job because a lot of the economy is terrible. employment is not that great but mortgage rates are so low that people are building houses again. they have a tough job. i don't know how they're going to pull it off. >> there's so much data to sift through. it's hard to know what to latch onto. >> let's talk...
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Mar 19, 2013
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economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more about the fastest way to reduce the deficit is to grow the economy. >> right. arianna is going to be sticking around. we'll continue this conversation after a short break. >> coming up, mindful leadership. today's corporate leaders will try to increase innovation, productivity and wellness among employees. and money madness is here. we're looking at some of the most widely held stocks and letting you know which will come out at the end of the year. and two mobile giants. "squawk box" will be right back. [ laughter ] ♪ [ female announcer ] each one of us is our own boss. ♪ a
economy our main problem is nobody is really talking about job creation. that the biggest threat that we're facing to the future is the fact that we still have really 25 million people unemployed or underemployed. that's a much more serious problem. >> the fed is talking about it. >> washington is not focused on it. and the whole sequester debate, the real crisis is the jobs crisis. ironically when people leave office they begin to talk about it. like samuels. he's been talking more...
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Mar 22, 2013
03/13
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before inveing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna bour brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and ing it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines e now powering some of america's biggest cities. siemens. answers. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announcer ] there's a better way with creditcards.com. comp
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. twe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before inveing. with investment information, risks, fees and expenses today is gonna be an important day for us. you ready? we wanna bour brother's keeper. what's number two we...
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Mar 20, 2013
03/13
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MSNBCW
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here somehow find a way they can come out of the shadows and be contributors and tax payers in this economy. >> but i'm talking about folks here legally, congressman, not living in the shadows. they are here legally. eligible to become citizens and haven't chosen to. two thirds in the case of mexican legal immigrant. >> that's a head-scratcher for me. i don't know what the answer is to that. i don't know the impediments. if you are legal and could come forward, then i would hope you would. you have to meet obligations that all citizens have. >> congressman, if i could go back to what you were saying about a grand bargain and the need to get healthcare costs under control, some of the ideas for reforms to medicare as part of a grand bargain have been means testing and raising the pled care eligibility age, are those reforms that you support? >> well, means testing we already do. that is already part of medicare and a lot of folks don't know that. so that is okay with me. raising the age, i think, is a bad idea. it doesn't save money. i think if anything, the real focus here has to be on tryi
here somehow find a way they can come out of the shadows and be contributors and tax payers in this economy. >> but i'm talking about folks here legally, congressman, not living in the shadows. they are here legally. eligible to become citizens and haven't chosen to. two thirds in the case of mexican legal immigrant. >> that's a head-scratcher for me. i don't know what the answer is to that. i don't know the impediments. if you are legal and could come forward, then i would hope you...
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Mar 20, 2013
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>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i think they're going to be comfortable because core inflation is 1.5% year on year. >> i think there's a possibility of more dovish. we're not sure that the data is sound. maybe there will be giveback in the spring and if he starts mentioning the sequester and the need to hang in there with full force, that, ironically, could be very positive for this market. >> absolutely. i think his statements today, the press conference will be very dovish. he can point to downside risks and lump cyprus into that scenario and maintain this easy stance. t
>> i think the economy's getting better. i think the job market is getting better and the housing market is getting better, but i don't think the fed sees it that way. i think the fed sees the employment to population ratio. you have virtually no recovery in the last three or four years. you look at labor force participation and that's down. so they're very, very comfortable, i think in maintaining this easy policy because they think that's what's needed to keep this recovery going, and i...
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Mar 24, 2013
03/13
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itself is conveyed in essentially what is a sell -- celebrateed mode, and this was has z -- as the economy turned decisively south by something bill gates and warren buffet decided to do with the giving pledge. the giving pledge is interesting because it worked largely, the two men worked largely with the "forbes" 200 list in the beginning and the goal was to get people to pledge, in forming an illegal character of the pledge, to give away half their fortunes for the purposes of making the world a better place to live, and, basically, that meant philanthropy. well, it got a lot of press at the time, and the "forbes" 400 editors paid a fair amount of attention to it, and in the years sense, the three or four years sense then, the number of people who have embraced signed in effect the pledge has grown to somewhere less than a hundred , but it's grown up, and it is a significant phenomena. for my purposes, what was wonderful, the one thing to do if you signed the pledge now was provide a brief description of your thoughts on wealth and philanthropy so it was part of the giving pledge website
itself is conveyed in essentially what is a sell -- celebrateed mode, and this was has z -- as the economy turned decisively south by something bill gates and warren buffet decided to do with the giving pledge. the giving pledge is interesting because it worked largely, the two men worked largely with the "forbes" 200 list in the beginning and the goal was to get people to pledge, in forming an illegal character of the pledge, to give away half their fortunes for the purposes of...
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Mar 19, 2013
03/13
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the entire economy has suffered from the fall of lehman brothers. >> so the whole world? >> yes, the whole world. >> when lehman brothers collapsed, 26,000 employees lost their jobs, and millions of investors lost all or almost all of their money, triggering a chain reaction that produced the worst financial crisis and economic downturn in 70 years. anton valukas' job was to provide the bankruptcy court with accurate, reliable information that the judges could use to resolve the claims of creditors picking over lehman's corpse. had you ever done anything like this before? >> i've never done anything like lehman brothers. i don't think anybody else has ever done anything like lehman brothers. >> so your job, i mean, in some ways, your job was to assess blame? >> our job is to determine what actually happened, put the cards face up on the table, and let everybody see what the facts truly are. >> valukas' team spent a year and a half interviewing hundreds of former employees and pouring over 34 million documents. they told of how lehman bought up huge amounts of real estate
the entire economy has suffered from the fall of lehman brothers. >> so the whole world? >> yes, the whole world. >> when lehman brothers collapsed, 26,000 employees lost their jobs, and millions of investors lost all or almost all of their money, triggering a chain reaction that produced the worst financial crisis and economic downturn in 70 years. anton valukas' job was to provide the bankruptcy court with accurate, reliable information that the judges could use to resolve...
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Mar 18, 2013
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economy right now? >> also, two huge interviews still to come. meredith whitney tells us why she's very bullish on one of wall street's biggest banks and right now. and cit group chairman and ceo john thain reacts to the rumor that will not go away. namely that his company has been shopping for a suitor. john will try and lay those fears aside once again, those rumors. >> a look at where we stand as we approach this final stretch, final hour of the day. dow jones industrial down about 26 points. had been down 110. we are well off of the lows. nasdaq looks like this. also pretty volatile in the afternoon here. as you can see, it is down about five points at 3243. s&p 500 really similar move here. down five points. equities showing great resilience, pushing back from a triple digit loss today. will the crisis abroad keep the markets in jeopardy? >> you had to be named steve to be on the panel today for the most part. steven water from russell investments, steve sacks. steve liesman is with us. and then there's that guy santelli who joins us daily a
economy right now? >> also, two huge interviews still to come. meredith whitney tells us why she's very bullish on one of wall street's biggest banks and right now. and cit group chairman and ceo john thain reacts to the rumor that will not go away. namely that his company has been shopping for a suitor. john will try and lay those fears aside once again, those rumors. >> a look at where we stand as we approach this final stretch, final hour of the day. dow jones industrial down...
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Mar 19, 2013
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i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immediately right there. so it's two underpinnings. almost like when greece was doing smo of the same things. >> but you say it matters because it could spread elsewhere? >> just the thought that somebody thought this was a good idea is scary enough to me, i would think. but it's going to be one of those things. we'll have to watch and see how it folds out. but i've got a feeling it will have to turn itself around fairly quickly. >> michael, what do you think? have you changed any of your behavior in terms of allocating capital, as a result of what we've seen in the last 48 hours? >> no, not really, maria. i still think that cyprus is certainly something to watch. but i think it's just part of the negotiation process, exactly what's happening in greece. we have to watch and see if it accelerates and this idea sweeps around europe, but i doubt that's going to happen. i actually think that europe is starting to presen
i mean, if you look at cyprus' economy, there are two major factors to that economy. tourism and financial services. you could kill the financial services immediately right there. so it's two underpinnings. almost like when greece was doing smo of the same things. >> but you say it matters because it could spread elsewhere? >> just the thought that somebody thought this was a good idea is scary enough to me, i would think. but it's going to be one of those things. we'll have to...
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Mar 19, 2013
03/13
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falling behind china in the global economy. that's your book right there. i told you the title is not one that you will forget. if you have little ears, cover them. how is it going right now? there are sensitive issues on the agenda. >> it's an extremely sensitive time and it's important that the first foreign dignitary that president jinping since last september when defense secretary panetta made a trip. >> that's not frequent enough for you? >> that relationship management is nowhere intense enough. by the way, it's important to note that the first foreign trip that president xi is making is to russia with president putin. we have to build a dialogue. this hacking thing has gotten serious for three reasons. one, the number of hacks have grown dramatically. >> and you trace it to china? >> yes. >> and number two, the severity of where they are going. they have literally tried to hack into pipeline companies, in our national grid. and third, to the point you make, there are very direct pointing to groups like the comet group in shanghai and the chinese pla
falling behind china in the global economy. that's your book right there. i told you the title is not one that you will forget. if you have little ears, cover them. how is it going right now? there are sensitive issues on the agenda. >> it's an extremely sensitive time and it's important that the first foreign dignitary that president jinping since last september when defense secretary panetta made a trip. >> that's not frequent enough for you? >> that relationship management...
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Mar 26, 2013
03/13
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but the second fasters-growing economy, and we're the center, world center of the new economy. we've got companies like sgoog many, twitter, yahoo! apple, so this is a massive growth of people and very little new housing production. so it's so hot that not only prices up dramatically, but the inventory available is down by 40% to 60%, so not never housing for people to really buy, so prices are soaring. we now have something called the flash sale, that a house goes under contract one day after its listed, almost 1,000 of those in the last year. so it's very hot. >> and a fascinating statistic that the average tile a house sits waiting to be sold is over 90 days, but in your market, far less, 14? >> in the east bay it's 13 to 14, in san francisco and silicon valley, 25 to 27. so you've got to move quickly if you want to buy. it's the betts time to be a buyer, we think in a decade because of the low mortgage interest rates that are there today. >> ken, nice to see you. thank you very much. ken rosin with a view from california. you lived in california. do you feel that? >> a bit.
but the second fasters-growing economy, and we're the center, world center of the new economy. we've got companies like sgoog many, twitter, yahoo! apple, so this is a massive growth of people and very little new housing production. so it's so hot that not only prices up dramatically, but the inventory available is down by 40% to 60%, so not never housing for people to really buy, so prices are soaring. we now have something called the flash sale, that a house goes under contract one day after...
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Mar 22, 2013
03/13
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, perhaps even the world economy. adam: so are banks too big to prosecute? we want to bring in former delaware senator ted kaufman. he pushed for serious financial reform while he was in the, i think it was fraud recovery act. >> that's it, adam, you got it. adam: thanks for being on fbn. justice department, to date, who has gone to jail? >> no one has gone to jail and it is very disappointing and i'm very disappointed in what the attorney general said. the same thing that the head of the criminal division said lanny breuer in a speech in new york, that somehow the law enforcement officers are supposed to take into account the financial well-being of the potential perp who has broken the law. it just doesn't, it doesn't compute with me. that is the first thing. the second thing is, if in fact people made wrongdoing you can go after individuals. the other problem with this, thing, adam, they don't go after individuals for criminal prosecutions. they can do that and that won't affect the health of the business. not only
, perhaps even the world economy. adam: so are banks too big to prosecute? we want to bring in former delaware senator ted kaufman. he pushed for serious financial reform while he was in the, i think it was fraud recovery act. >> that's it, adam, you got it. adam: thanks for being on fbn. justice department, to date, who has gone to jail? >> no one has gone to jail and it is very disappointing and i'm very disappointed in what the attorney general said. the same thing that the head...